Tuesday, 14 June 2016

Kingsbridge Ice Center Plan May Be Saved

A judge is recommending a compromise between the warring parties

The plan to convert Kingsbridge Armory into an ice center with a hockey stadium and ice skating rinks might just be saved from falling through. A Bronx Supreme Court judge has proposed a truce between the city and the developers behind the Kingsbridge Ice Center led by former New York Rangers captain Mark Messier, Crain’s reports.

The judge asked that the city consider handing over the lease on the property to the developers on the condition that they secure the funding for the first phase of construction by February 2017.

The project has been stuck in limbo in recent months with the developers saying they’re unable to procure the funds without the city transferring the lease, and the city refusing to transfer the lease without the developers having acquired the entirety of the $158 million required for the first phase of construction.

The developers filed a lawsuit against Empire State Development in April alleging that the city and former partners on the Ice Center had conspired to block this current avatar of the project. The judge’s recommendation is a result of that. The city has yet to comment on this proposed compromise.



from
http://ny.curbed.com/2016/6/14/11934144/kingsbridge-ice-center-plan-compromise

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